Southern Copper (UK) Market Value
| 0L8B Stock | 100.12 0.54 0.54% |
| Symbol | Southern |
Southern Copper 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Southern Copper's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Southern Copper.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Southern Copper on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Copper Corp or generate 0.0% return on investment in Southern Copper over 30 days. Southern Copper is related to or competes with Quadrise Plc, Intuitive Investments, European Metals, and Athelney Trust. Southern Copper is entity of United Kingdom More
Southern Copper Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Southern Copper's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Southern Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 2.93 |
Southern Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Copper's standard deviation. In reality, there are many statistical measures that can use Southern Copper historical prices to predict the future Southern Copper's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0278 |
Southern Copper Corp Backtested Returns
Southern Copper Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0214, which indicates the firm had a -0.0214% return per unit of risk over the last 3 months. Southern Copper Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Copper's Semi Deviation of 2.3, coefficient of variation of 7885.89, and Risk Adjusted Performance of 0.0165 to confirm the risk estimate we provide. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Southern Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Copper is expected to be smaller as well. At this point, Southern Copper Corp has a negative expected return of -0.0511%. Please make sure to validate Southern Copper's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Southern Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Southern Copper Corp has modest predictability. Overlapping area represents the amount of predictability between Southern Copper time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Southern Copper Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Southern Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.58 |
Southern Copper Corp lagged returns against current returns
Autocorrelation, which is Southern Copper stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Southern Copper's stock expected returns. We can calculate the autocorrelation of Southern Copper returns to help us make a trade decision. For example, suppose you find that Southern Copper has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Southern Copper regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Southern Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Copper Lagged Returns
When evaluating Southern Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Copper stock have on its future price. Southern Copper autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Southern Copper autocorrelation shows the relationship between Southern Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Copper Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Southern Stock Analysis
When running Southern Copper's price analysis, check to measure Southern Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southern Copper is operating at the current time. Most of Southern Copper's value examination focuses on studying past and present price action to predict the probability of Southern Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Copper's price. Additionally, you may evaluate how the addition of Southern Copper to your portfolios can decrease your overall portfolio volatility.